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Article: EMCF Cuts UK Clearing Fees to 3 Euro Cents.
- Article from:
- Investment Weekly News
- Article date:
- April 25, 2009
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European Multilateral Clearing Facility, the European Central
Counterparty (CCP), introduces a 40% fee reduction for the UK securities market effective April 14th as part of its strategy of price leadership in Europe
EMCF cuts fees by 40% for trades cleared in UK securities as per April 14th, 2009, bringing clearing fees to EUR 0.03 per trade. The move ensures EMCF will maintain price leadership in the European cash equities market. The clearing fee for other European equities, cleared by EMCF will be maintained at EUR 0.05.
EMCF has been the driving force in reducing fees in the post trading landscape within Europe. This strategy has ...